WEST VIRGINIA CODE

WVC 29 - 22 B- 507
§29-22B-507. Persons having control of an applicant for a limited
video lottery license.
The following persons are considered to have control of an
applicant:

(1) Each person associated with a corporate applicant,
including any corporate holding company, parent company or
subsidiary company of the applicant, but not including a bank or
other licensed lending institution which holds a mortgage or other
lien acquired in the ordinary course of business, who has the
ability to control the activities of the corporate applicant or
elect a majority of the board of directors of that corporation.

(2) Each person associated with a noncorporate applicant who
directly or indirectly holds any beneficial or proprietary interest
in the applicant or who the commission determines to have the
ability to control the applicant.

(3) Key personnel of an applicant, including any executive,
employee or agent, having the power to exercise significant
influence over decisions concerning any part of the applicant's
business operation.

Note: WV Code updated with legislation passed through the 2016 Regular Session
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